Rigetti Computing Faces Critical Earnings Test After Meteoric Rally

The upcoming earnings report from Rigetti Computing represents a pivotal moment for the quantum computing specialist. On November 10, the company will disclose its third-quarter financial results amid sky-high investor expectations following an extraordinary share price surge of approximately 3,100% over the past year. The fundamental question facing market participants is whether the company’s performance can validate its current astronomical valuation or trigger a significant correction.

Recent trading activity reveals mounting investor anxiety. On November 8, Rigetti shares fluctuated between $30.62 and $34.94, coming just two days after the stock had already declined by 7.9%. This volatility reflects deeper concerns about the company’s financial metrics.

Market researchers project a third-quarter loss of 5 cents Read more...